Palantir trading day
Palantir Technologies has a low earnings per share (EPS) of -$0.12 and a high price-to-earnings (PE) ratio of -125.17. The discounted cash flow (DCF) for the stock is $16.28.
According to market analysts, the stock is expected to reach a consensus target price of $9.45, with a bearish median target price of $8. In a bullish target price of $16, while the lowest target price of $4.5. That ia quite a big gap.
If you are getting this play mindful of the gap and make sure you do your DD with your own calculated risk.
However with the recent hype of AI stock craze, recent news articles indicate that Palantir stock is regarded as an undervalued Reddit stock, and the company is actively expanding and introducing new advancements in the AI software market. These factors, along with the company's robust market position in AI, present a compelling argument for potential growth in the future.
Based on both technical and fundamental analysis, it is anticipated that the stock will be traded at approximately $15.50 today, and within the range of $15.50 to $16.30 throughout the following week. These forecasts align with the current trend and the positive news surrounding the company's advancements in AI.
But, there is always a caveat,
Out of the last 100 trades, there were 7.85 million shares purchased and 11.8 million shares sold. I will be cautious on getting on this play, personally I will nibble and just do DCA if you can but not too crazy as a market pullback is inevitable!
Out of the last 100 trades, there were 7.85 million shares purchased and 11.8 million shares sold. I will be cautious on getting on this play, personally I will nibble and just do DCA if you can but not too crazy as a market pullback is inevitable!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Believer in value investing, swing trading on momentum plays
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